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Spread Betting Brokers: Compare the top brokers of 2024

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We’ve put together this list of Spread Betting brokers, designed to introduce you to a wide selection of reputable brokers. We will help you choose the one that best suits your trading needs, no matter what level you are at.

You’ll find a full review of each broker and our opinion on the services and features we think they are strong on and those they aren’t. So if you want a broker who’s best in class for education, or pricing, or trading tools, we’ll have the broker for you.

Bear in mind, we will only include reputable companies on the site. Each of the brokers featured here are authorised and regulated by the UK’s Financial Conduct Authority.

We regularly review our broker list to ensure the information is up to date. However, if we’ve missed something, contact us or post a message below.

Regulated Spread Betting Brokers

Brokers The Armchair Trader says:

Pepperstone

Minimum
deposit: £0

With a strong focus on the trading experience, industry leading technology, low costs and award-winning client support, we feel that Pepperstone is a good option for the more established high-volume day trader.

Minimum
deposit: £0

With deeper pockets to invest in their services than most brokers, IG’s platform suite and trading support tend to lead the way. IG is a good all-rounder for novice through to experienced traders and investors.

69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Minimum
deposit: £0

Spreadex has a strong focus on customer service. Their range of markets includes equities, or stocks, and is broad enough to offer a choice of Small Caps with a market capitalisation of £1million and above.

ActivTrades logo

Minimum
deposit: £0

Founded in 2001 and regulated by the FCA, ActivTrades platform is simple to use with an emphasis on risk management tools and competitive spreads. Clients can spread bet from as little as 10p per point making it a good option for beginners.

Trade NationMinimum
deposit: £0

Formerly Core Spreads, Trade Nation has been trading since 2019. The broker is focussed on transparency for its clients by providing competitive, fixed spreads on a range of markets. A commitment to customer service means this broker is a good choice for new traders

The Armchair Trader is paid for by our partners through clicks, views and advertorials. So if you open an account through a link on the site, we may receive a fee for providing the introduction. This fee will in no way be passed on to you from our partners.

Choosing the right broker

If you are new to financial spread betting, we offer a variety of free resources. You can use them to help you select the spread-betting broker that best meets your trading needs.

We suggest that you start with the basics. Decide what tools and features you need to identify, execute and control your trades. Our guide to choosing the right spread betting company can be found here. Download it for free and use it to ensure you are asking yourself the right questions.

Remember, spread-betting is a leveraged product which means your winning trades and your losing trades are magnified. You should understand leverage before you begin to trade with real money.

Muslims are typically advised to open Islamic accounts that practice Shariah principles. These Islamic spread betting accounts are also known as swap-free accounts. They are halal trading accounts in which interest is not accumulated, collected or paid. These accounts do not make use of futures and forward contracts. All transactions (including the transaction cost) take place without any delay. You can read our thoughts on whether trading is Halal or Haram. You’ll also be able to explore a selection of regulated brokers that offer permissable accounts.


Spread betting demo accounts

Some, but not all, spread-betting brokers offer a demo account. This is an account using a limited number of markets with live prices that you can use to practice on. They have the advantage of letting you trade live, up-to-date market prices rather than delayed ones.

A number of firms offer a demo account, but some will only offer them for a limited period of time or with a restricted series of features.

Find out how you can make best use of a spread betting demo account, avoiding the pitfalls along the way.

The best spread betting accounts for beginners

Some spread-betting brokers are geared towards offering accounts that have the beginner in mind. These accounts generally provide limited risk features. They are designed to ensure that novice traders do not make costly mistakes as they learn about the unpredictable nature of the financial markets.

Moreover, we have put together an article featuring the best spread betting platforms for beginners. It’s a great place to start.

These accounts should form the basis of your research as you move from a demo account to a live trading account.

Spread betting and CFDs are complex instruments. They come with a high risk of losing money rapidly due to leverage. Between [74-89]% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please note that % may be changing every quarter depending how this number looked in the previous period.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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